NEW YORK ( TheStreet) -- The ex-dividend date for XL Group (NYSE: XL) is tomorrow, September 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $19.04 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for XL Group has been 4.9 million shares per day over the past 30 days. XL Group has a market cap of $5.9 billion and is part of the financial sector and insurance industry. Shares are down 11.8% year to date as of the close of trading on Friday.

XL Group plc, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, insurance companies, and other enterprises worldwide. The company operates in three segments: Insurance, Reinsurance, and Life Operations. The company has a P/E ratio of 25.2, below the average insurance industry P/E ratio of 26.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates XL Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full XL Group Ratings Report.

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